Procurement Specialist

Job Description

Strategic Sourcing:

Develop and implement procurement strategies that align with company goals and objectives.
Identify cost-saving opportunities and lead negotiations with suppliers to secure favorable terms and pricing.
Supplier Management:

Manage supplier relationships, including supplier selection, evaluation, and performance tracking.
Collaborate with suppliers to improve quality, delivery, and cost performance.
Vendor Selection and Evaluation:

Identify potential suppliers and conduct due diligence to assess their capabilities and compliance with quality and ethical standards.
Regularly evaluate vendor performance and initiate corrective actions when necessary.
Contract Negotiation and Management:

Negotiate contracts, terms, and conditions with suppliers to secure advantageous agreements.
Ensure compliance with contract terms and monitor contract expiration and renewal dates.
Cost Control and Budgeting:

Monitor and control procurement budgets to optimize spending and reduce costs.
Analyze and report on cost variances and take corrective actions as needed.
Inventory Management:

Collaborate with inventory and warehouse teams to maintain optimal inventory levels.
Implement inventory control measures to minimize excess stock and stockouts.
Quality Assurance:

Ensure that procured goods and services meet quality and regulatory standards.
Address quality issues and implement continuous improvement measures.
Supplier Diversity and Sustainability:

Promote supplier diversity and sustainability initiatives, such as sourcing from local or eco-friendly suppliers.
Support responsible sourcing practices.
Market Analysis and Risk Management:

Stay informed about market trends, pricing, and supply chain risks.
Develop and execute risk mitigation strategies to minimize disruptions.
Cross-Functional Collaboration:

Collaborate with other departments, such as finance, production, and logistics, to ensure alignment and efficient procurement processes.
Address and resolve procurement-related issues.
Reporting and Documentation:

Maintain accurate records and documentation of procurement activities.
Prepare regular reports on procurement performance and cost savings.
Desired Candidate Profile

Any Nationality

Any Graduation

Any

Bachelor’s degree in supply chain management, business, or a related field (Master’s degree preferred).
experience in procurement, sourcing, or supply chain management, with a focus on the FMCG industry is an advantage.
A minimum of 4-6 years of experience in the same capacity
Strong negotiation and contract management skills.
Proficiency in procurement software and ERP systems.
Excellent analytical and problem-solving abilities.
Strong communication and interpersonal skills.
Familiarity with ethical and sustainable sourcing practices.